Oddbean

Stock market rally: 14 of world's 20 biggest markets hit record highs ========== 14 of the world's 20 biggest stock markets have hit record highs, including the S&P 500 and Dow Jones Industrial Average. The rally is driven by looming interest rate cuts, healthy economies, and corporate earnings. The S&P 500 has set 24 new all-time highs in 2024, riding a $12 trillion rally since late October. European equities are also on a record-hitting spree, with positive economic data and better-than-expected earnings. The UK's FTSE 100 Index has been boosted by soaring commodity prices. Japan's Nikkei 225 is up 16% this year, and India's S&P BSE Sensex is setting records. Australia's S&P/ASX 200 Index hit a high after inflation data. The rally is broadening out and there are no red signals from a macro perspective. #StockMarket #RecordHighs #Equities #Rally #InterestRateCuts #CorporateEarnings #S&p500 #DowJonesIndustrialAverage #Ftse100 #Nikkei225 #S&pBseSensex #CommodityPrices https://fortune.com/2024/05/18/stock-market-rally-dow-sp500-nasdaq-nikkei-stoxx-ftse-sensex/